12 November 2012 17:10 [Source: ICIS news]
SINGAPORE (ICIS)--SABIC and Shell are looking at plans to build a full range of polyols and propylene oxide styrene monomer (POSM) plants at the joint venture SADAF site in Al-Jubail, Saudi Arabia, the companies said on Monday.
They had earlier indicated their intention to expand their partnership in Saudi Arabia and to explore international petrochemical opportunities beyond SADAF and Saudi Arabia.
Necessary studies will be conducted before the two companies take a final investment decision on the projects, Saudi Arabia’s SABIC said in a filing to the Saudi Stock Exchange, or Tadawul.
No specific timelines were provided on the studies.
SADAF is SABIC’s 50:50 petrochemicals joint venture at Al-Jubail with Shell Chemicals Arabia, an affiliate of Anglo-Dutch energy giant Shell.
“SABIC and Shell have also agreed to build on their strong long-term relationship to explore international petrochemical opportunities beyond SADAF and Saudi Arabia,” SABIC said.
“The proposed full range of polyols and [POSM] plants would be the first of their kind in the Middle East,” the company added in a statement.
“The assets would employ Shell’s proprietary polyols and [POSM] technologies to produce chemical building blocks for the polyurethanes [PU] industry and petrochemicals sector in the Middle East and beyond. The partners are committed to the [PU], styrene, propylene oxide [PO] and derivatives sectors, and have access to leading technologies as major international suppliers,” SABIC said
Developing the PU sector in Saudi Arabia will contribute to necessary energy savings and create job opportunities for the growing skilled workforce, added SABIC CEO Mohamed Al-Mady.
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